It is admitted on all hands that several of the
greatest industries are much below their proper level of production. They do not reorganize themselves in order to eliminate waste, or even to replace obsolete plant, either because the various branches of each industry cannot agree among themselves upon a plan of concentration or because they have not the capital for re-equipment. Although Rationalization is the cure, it seems likely to tarry unless a very powerful impetus comes from such a strong common endeavour as we have described-,-the Government of course assisting wherever grants --Tdf credit or advice or compulsion would be useful or permissible. As we mentioned last week, Mrs.' SriOwden.lhas proposed that there should be a' frank acknowledgMent that there is no place now foi the distracting and enervating play of party spirit. • * * * •
